In this post, we're going to highlight another one of the many possibilities The Zenvo could become.
Becoming an investor has never been easier with the Zenvo. The first floor can be converted into a full legal suite complete with all the amenities to meet your tenant's needs. With a separate entry in addition to Daytona's sound reduction Party Walls, you and your tenant can live within the same building while preserving your privacy.
GIVE ME THE NUMBERS
To demonstrate the Zenvo's value numerically, let's go through an example. In 2020, the average rental for a 1-bedroom unit was $1027/month. Using a total house price of $500,000 with 5% down payment amortized over 25 years, you can reduce the amount of time it takes to pay off your mortgage by a full decade.
You can use our calculator to change these figures.
By having this additional monthly income, you can pay down your mortgage in a substantially shorter amount of time. Additionally, you also have the option to rent out the main and third floors as well, essentially more than doubling your monthly rental income.
HOW DO I START INVESTING?
If you haven't already, take a look through our investments page. We have plenty of information to help you get started, as well as several opportunities including basement suites and garden suites listed (and we're constantly adding to it). If you have any questions, feel free to reach out to us anytime.
